- An asset. The term cost is often used when referring to the valuation of acquired property. When it is used in this sense, a cost is an asset.
- Concepts of cost and expense are often used interchangeably. When the benefits of the acquisition of a building expires, the cost becomes an expense called depreciation.
- The sacrifice, measured by the price paid, to acquire real estate.
Popular Real Estate Terms
Penalty charge in order to cure a previous wrong. ...
Refers to state statues protecting the public against securities frauds of real estate companies. ...
A lien which is secondary to a senior lien and cannot be paid until the senior lien is satisfied. ...
Cash flow before subtracting income taxes. ...
Circumstance where no people or contents occupy or are kept in a building for at least 60 consecutive days. The same stipulations apply to property coverages as found in unoccupancy. ...
Holding pool of mortgages. It is marketed as a tax exempt mortgage backed security for investors. ...
Incapable of performing duties because of a lack of knowledge and training. The individual may not possess the qualifications and credentials. For example, a prospective buyer of real ...
Party that receives part or all of a construction job to do from the general contractor. ...
Financing technique aimed at those people who only plan to live in a house for a short time. Under this mortgage, a lower interest rate and, thus, a lower monthly mortgage payment are ...
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